BP Has Paid Less Than 12% of Claims

The House Judiciary Committee said last month that data it collected shows that BP has paid less than 12% of claims submitted by people and businesses arising from the gulf oil spill. According to the committee, only $71 million out of an estimated $600 million has been paid. BP didn’t make any payments in the first two weeks following the explosion and oil spill. It should be noted that BP hasn’t made a single payment for bodily injury or diminished home property value.